Vice President - Business controlling

Job Description VP- Business Controlling

Location Mumbai

Function Finance & Administration

Job Title Vice President Business Controlling

Key Purpose of the Job: Business partnering, Driving financial performance & KPIs and ensuring control and governance

ORGANISATION STRUCTURE:

QUALIFICATION OF JOB HOLDER: -

Qualification CA or MBA in Finance (Premier Institute)

Experience CA with 12- 15 years post qualification experience

KEY RESPONSIBILITIES:

Business Partnering

Work with business heads to support and drive the business growth

Leading/guiding team of controllers and leading from the front

Managing and driving business and financial KPIs

Driving profitability and efficiency improvement

Owning full P&L and Balance sheet along with business heads

Managing key stakeholders

Driving cross functional relationship

Budgeting

Responsible for preparation and managing the annual country budget & forecasts as per group timelines and guidance

Finalization of departmental cost center budget

Finalization of segment/ region budget

Through variance analysis and identifying the key drivers

Restructuring/realignment of different service lines /Business

Merger of one business with the other as per the management s decision

Disposal or closure of some business as per the management s decision

Revenue assurance & Cost Controlling

Analyzing & Challenging direct and indirect cost

Identifying potential Cost optimization areas

Reviewing, evaluating, and recommending improvements to internal control systems and procedures that enable cost control

Building an effective process for revenue leakage

Serving as an advisor and agent to implement efficient accounting and financial policies and procedures that would lead in controlling costs & increasing profits

MIS & Reporting

Managing preparation of reports required by regulatory agencies

Timely Group reporting

Reporting and presentation of the financial outcome, business plans and projections to local management

Preparation and publishing timely monthly financial statements, incl. variance analysis of the results for the company India

Supporting and preparation of year-end processes and reporting

Other Financial Activities

Analyzing financial and operational information, identifying strengths/weaknesses and recommending improvements in methods and processes

Financial investigation and analysis of Regional performance in all areas to management

Overseeing and developing the planning model within the Region through, target setting, action planning, financial projections and simulations as well as follow up and deviation analysis

Responsible for managing the Cash Flow

Proposing and participating in improvements to the overall company accounting model

Proposing and participating in developing processes and procedures to minimise regions operational risks

Proposing and participating in developing processes and procedures to achieve administrative efficiency and protection of company assets and values

Overseeing that company policy, laws and regulations are complied with

Ensuring quality control over financial transactions and financial reporting

Developing and documenting business processes and accounting policies to maintain and

Strengthen internal controls

Managing and complying with local, state, and federal government reporting requirements and

tax filings

Handling Ad hoc-assignments that will strengthen and develop companys India Operations

Team Management

Developing team members & augmenting their development through proper training

Addressing & guiding team members in case of any queries, concerns, internal conflicts

Agreeing Key Point Indicator s (KPI s) of team member s & Appraising them on the basis of the same

SKILLS REQUIRED BY JOB HOLDER:

Functional Skills

Financial Analysis, Audit & Reporting

Mergers & Acquisitions

Corporate Finance

Budgeting

Business Strategy

Variance Analysis

Internal Controls

Generic Skills

• Collaborative
  
• A demonstrated ability of troubleshooting and problem solving
  
• Strong decision making and analytical ability
  
• Ability to communicate effectively both verbally and by email
  
• Highly organized, detail oriented and accurate
  
• Ability to prioritize work, meet deadlines and budget
  
• Well-developed customer service skills
  
• Team Management ability
  
• Ability to work under tremendous pressure
  

Proactive goal-setting and the structuring of plans, actions and identification of appropriate resources (people and materials) required to achieve objectives.

Offering innovative and original ideas that do not stem from existing processes and identifying less evident models or original combinations

Integrating - Integrating and linking data into coherent information, identifying relationships between pieces of information, generating alternatives and logical and sound conclusions.

Analyzing - Assessing information using a focused analysis and evaluation, gaining insight into cause and effect relations whilst using a critical and rational manner and differentiating the essential from the non-essential

KEY INTERACTIONS IN THE JOB:

1) Internal Stakeholders

2) Client Interaction

3) Statutory & Government bodies & Financial Institutions

KEY DIMENSIONS:

Should have handled Business worth 1000 Cr.

Should have handled Mergers & Acquisition & also Divestment